The Stochastic Oscillator and Bollinger Bands can be used as 2 boxes on your trading checklist. Understanding how both move independently, knowing correlating moves and using them as a check and balance.
Moving averages can be extremely powerful indicators if you understand how to interpret them. Understand how the 9 EMA, 50 EMA, and 200 EMA move in relation to eachother.
COINBASE:SOLUSD SOL is flashing some bullish signs on the indicator and it seems that we're gearing up for another move towards the upside. This is the indicator that I used to call the new BTC bullish cycle in November last year, as seen below: In 3 short minutes, we'll discuss the functionality of this technical indicator and why it's really helpful when...
(3 for 1) TEMA - Use TEMA as a 3 for 1 indicator, instead of putting 3 moving averages, especially if you do not have Trading View Pro, you can use TEMA as 1 indicator. Moving averages is simplicity at its finest. Look for golden crosses, death crosses and when the moving averages meet to signal a push to the upside.
Bollinger Bands is a extremely functional indicator. Nothing fancy, simple interpretation and if you couple it with a momentum indicator even better. Points to remember, band get tight then breaks out, when price breaks out of upper or lower band signals reversal, and price above/below bollinger MA represents price is becoming over bought/oversold.
Hey Rich Friends, Happy Tuesday! Here is my technical analysis for USDCAD. Always check the news and cross-reference the indicators on your chart before entering any trades. I think that there are opportunities to sell and here is what I am looking at: - The market has already rejected a previous supply zone on the weekly time frame - There is an evening star...
📉Hi Traders, Investors and Speculators of Charts📈 SOLANA is on the list of my top 20 altcoins to watch in 2024. From a macro chart perspective, I'd like to point out a large-scale fractal that I'm labelling as the "drop-and-pop". What we observe here is 1)accumulation phase followed by 2)first impulse up after which we se a 3)correction and then finally...
📉Hi Traders, Investors and Speculators of Charts📈 ETH is currently following BTC along with the rest of the crypto market into a correction wave. By following Elliot Wave Theory, we can find a target for a potential bounce zone for the current corrective pattern. Ideally, we'd want to see a successful bounce from the 50d moving averages here (green), but a wick...
AUD/USD rises after its 2024 lows as the greenback’s strength deflates, eying the pivotal EMA200 and daily closes above it would shift bias to the upside. However, such outcome has high degree of difficulty technically. The EMA200 can contain the rebound and sustain the bearish bias, which would keep the Aussie exposed to the 2023 lows (0.6269). The hawkish...
We have all heard that it is a good idea to go with the flow of the market but what does that look like? It's not enough to just read about flowing with the market, it must be practiced and experienced. We must acquire the skill of following markets up and down through its changes seamlessly. A disciplined trading plan will have an objective method and will...
📉Hi Traders, Investors and Speculators of Charts📈 AVAXUSDT, an ETH rival, is another altcoin currently trading lower than it's first ATH. This is important, because it makes for an excellent low risk and high reward trade. Currently, we see the markets trading in a corrective phase where wicky price action and shakeouts are common. I've been bullish on AVAX for...
NZD/USD reacted positively as the RBNZ kept rates again at 5.5%, appeared a little more worried about inflation than the last time and said it is necessary to maintain a restrictive stance to reduce price pressures. The move above the EMA200 gives it the opportunity to take out the 38.2% Fibonacci, but does not yet inspire confidence for further gains that would...
Hey Rich Friends, I forgot to post the initial idea for this EU Bearish move but I was happy to see the market went in my favor! I analyzed the market around 10:00 AM EST on July 24, 2003, to get my confirmations and set a sell limit at 1.10850. When I am looking for a sale, here are the things I look for with my strategy: 1. Candles are forming below one or...
Small Bearish move made on NU! 40 pips secured from Sell Limit idea at 0.62150 SL: 0.62550 OR HIGHER (40 pips or more) TP 1: 0.61750 (+40 pips) 1:1RR TP 2: 0.61550 (60 pips) 1:1.5RR TP 3: 0.61350 (80 pips) 1:2RR Result: TP 1 HIT! ✅
AUDUSD actually did rapidly sell after the rate announcement at 12:30 AM EST. It is already below the 200 EMA and has just broken structure on the downside by crossing below the 50 EMA. - MOM looks like it is on the 0 line but it is actually negative which for me is a bearish confirmation. -STOCH is below 50, facing down and the orange line is above the blue....
NZDUSD is still very bearish and I believe it will continue to sell. - The candles are still below both of the EMAs. Bearish conditions are still met. - The MOM is still negative and below 0. Bearish conditions are still met. - The STOCH is below 50, facing down and the orange line is above the blue line. Bearish conditions are still met. Potential trade...
Hey Rich Friends, EU did sell and 40 pips were secured with TP 1! I am hopeful that TP 2 and TP 3 will be reached soon for a total of 80 pips and 1:1RR!
Hey Rich Friends, I set a buy limit for EJ last night and it triggered and hit TP 2. The key to any strategy is to trade what you see, not what you want. We are retail traders, not market makers, please listen to your indicators. The main reason why I decided to take a risk on this buy is that although the market was moving sideways, the candles were still...